Rush Street Interactive (NYSE:RSI) Stock Price Target Lowered at Barclays

Rush Street Interactive (NYSE:RSI) had its price target cut by Barclays from $24.00 to $23.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

RSI has been the subject of a number of other reports. Needham & Company LLC dropped their price objective on shares of Rush Street Interactive from $36.00 to $25.00 and set a “buy” rating for the company in a report on Thursday. Wall Street Zen cut Rush Street Interactive from a “buy” rating to a “hold” rating in a research note on Saturday, October 17th. New Street Research set a $35.00 price target on Rush Street Interactive in a research report on Thursday, July 23rd. Citizens Jmp dropped their price target on Rush Street Interactive from $34.00 to $24.00 and set a “market outperform” rating for the company in a research note on Thursday. Finally, Citigroup reiterated a “market outperform” rating on shares of Rush Street Interactive in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Rush Street Interactive presently has a consensus rating of “Moderate Buy” and an average price target of $27.54.

Rush Street Interactive Trading Down 11.1%

RSI stock opened at $12.11 on Friday. The company’s 50 day moving average is $21.52 and its 200 day moving average is $23.74. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 36.70 and a beta of 1.71. Rush Street Interactive has a 1-year low of $11.88 and a 1-year high of $34.53.

Rush Street Interactive (NYSE:RSI) last announced its earnings results on Wednesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. Rush Street Interactive had a net margin of 2.56% and a return on equity of 24.46%. The business had revenue of $385.85 million during the quarter, compared to analyst estimates of $388.05 million. During the same period in the previous year, the business posted $0.09 earnings per share. Rush Street Interactive’s revenue for the quarter was up 38.8% on a year-over-year basis. As a group, sell-side analysts forecast that Rush Street Interactive will post 0.49 EPS for the current fiscal year.

Insider Activity at Rush Street Interactive

In other Rush Street Interactive news, CFO Kyle Sauers sold 23,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $26.56, for a total value of $610,880.00. Following the completion of the sale, the chief financial officer directly owned 606,526 shares of the company’s stock, valued at $16,109,330.56. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Richard Schwartz sold 111,112 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $28.02, for a total transaction of $3,113,358.24. Following the sale, the chief executive officer owned 421,258 shares of the company’s stock, valued at approximately $11,803,649.16. The trade was a 20.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 603,998 shares of company stock valued at $14,814,268. Insiders own 52.89% of the company’s stock.

Hedge Funds Weigh In On Rush Street Interactive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC bought a new position in shares of Rush Street Interactive in the second quarter worth approximately $35,000. CoreCap Advisors LLC bought a new stake in Rush Street Interactive during the 2nd quarter valued at $54,000. Allworth Financial LP bought a new stake in Rush Street Interactive during the 2nd quarter valued at $57,000. Integrated Wealth Concepts LLC purchased a new stake in Rush Street Interactive during the 2nd quarter valued at $70,000. Finally, Covestor Ltd boosted its position in Rush Street Interactive by 809.3% during the 3rd quarter. Covestor Ltd now owns 3,537 shares of the company’s stock valued at $72,000 after buying an additional 3,148 shares during the period. 24.78% of the stock is currently owned by institutional investors.

Rush Street Interactive News Summary

Here are the key news stories impacting Rush Street Interactive this week:

• Positive Sentiment: Q3 earnings beat expectations: RSI reported adjusted earnings of $0.15 per share, up from $0.09 a year earlier and ahead of the roughly $0.14 Wall Street estimate. Revenue increased 38.8% year over year to approximately $385.9 million, with online casino operations contributing 75% of total revenue. Rush Street Interactive Q3 Earnings Top Estimates
• Positive Sentiment: Analysts remain broadly constructive: Barclays, Wells Fargo, Oppenheimer, Needham and Citizens JMP maintained bullish ratings, including overweight, outperform, buy and market outperform recommendations. Even after reductions, their targets imply substantial upside from current levels. Barclays Lowers Rush Street Interactive Price Target
• Neutral Sentiment: Full-year guidance was reiterated or updated around consensus: RSI’s 2026 revenue outlook remains approximately $1.56 billion to $1.60 billion, while the latest guidance of $1.6 billion is in line with analyst expectations. This limits the risk of a major forecast cut but offers little incremental upside.
• Negative Sentiment: Revenue fell short of estimates: Despite strong growth, Q3 sales were below the approximately $388.1 million consensus forecast. Investors may be concerned that growth is not translating into results above expectations. Rush Street Interactive Reports Sales Below Estimates
• Negative Sentiment: October trends point to the low end of guidance: Management indicated that current October performance may lead RSI toward the lower end of its full-year revenue range, raising concerns about slowing momentum.
• Negative Sentiment: Multiple price targets were cut: JPMorgan reduced its target from $22 to $18 and shifted to neutral, while other firms lowered targets substantially despite retaining positive ratings. The revisions signal more cautious expectations following the earnings report.

About Rush Street Interactive

Rush Street Interactive, Inc is an online gaming and sports betting company that operates regulated internet casino and sportsbook platforms. Its primary consumer brands include BetRivers, PlaySugarHouse and RushBet, offering online casino games, sports wagering and related digital gaming products through websites and mobile applications.

The company serves customers in regulated markets across the United States and Latin America, with operations also extending to select international jurisdictions.